MSE News: Base rate hike moves closer

nilrem_2

Once rates start to edge up a little I think that some of the instant access accounts; paying derisory interest may increase a little, but I don't feel that serious savers who go for fixed rates will get much joy until the BOE rate rises considerably higher than a quarter or half point rate hike.

talexuser

Gorgeous_George wrote: »

I think savings rates will be lower than inflation for years to come.

GG

I think you are right in real terms and this is how savers will pay for the Banks mistakes and QE in the long run - as well as everybody losing public services in exchange for paying more tax.

Consumerist

apt wrote: »

As others have said, people have no right to expect risk free savings to beat inflation.

But no-one seems willing to explain such an absurd statement. The implication is that such a notion is indeed indefensible.

black_taxi_2

paying off mortgage/debt is my first target

second target is monthly accum into a stock/shares ftse-all-share isa